As an internationally traded commodity, the global market for steam coal can be strongly affected by unexpected policy developments in major coal-importing countries, like China, India, or Japan.
This report looks at a range of factors that could shift the future fundamentals of the global steam coal market over the next 10-15 years as coal transitions gather speed for different reasons. Using insights from DIW Berlin’s COALMOD-World, coal market model, it highlights some of the risks faced by major coal exporters.